Dr. Gurumeet C Wadhawa discusses biological assays. An assay is a procedure used to qualitatively or quantitatively assess the presence, amount, or functional activity of a target entity. There are three main types of assays: chemical, immuno, and bioassays. Bioassays involve estimating the concentration or potency of a pharmaceutical drug using animal or human subjects. While less precise than chemical assays, bioassays are more sensitive and can be used when chemical methods are not available or applicable. Bioassays are used to standardize and quantify various biological substances and products.